Digital currency markets have been regaining some of the losses felt last week as the entire crypto-economy has jumped back over the $2 trillion valuation mark. Bitcoin has risen above the $55k zone, while other digital assets have seen more precipitous gains. Out of the top ten leading crypto assets on Tuesday, XRP and UNI have amassed double-digit percentage gains during the morning trading sessions.
Crypto Markets Rebound
Bitcoin and a number of crypto assets have been doing much better during the first couple of days this week in comparison to last week’s losses. Currently, bitcoin (BTC) is swapping for $55,178 per unit and is up 2.9% during the last 24 hours. Seven-day stats show BTC is still down a touch over 1.3%.
Top five digital asset markets on Tuesday, April 27, 2021, at 8:00 a.m. EST.
Tuesday’s data shows that bitcoin (BTC) markets have around $20 billion to $51.70 billion in global trade volume, while messari.io stats show “real volume” could be around $9.16 billion worldwide. Exchange pairings show that the top five fiat currencies paired against BTC today include USD, JPY, EUR, KRW, and GBP.
BTC/USD prices on Tuesday, April 27, 2021, at 8:00 a.m. EST.
The second leading crypto asset is ethereum (ETH), which is up 2.17% today. ETH is swapping for $2,574 per unit, and during the last seven days data shows ETH gained 9%. While BTC’s dominance among the 9,458 crypto coins spread across 370 global exchanges is 49.5%, ETH’s ratio is around 14.3% today.
ETH/USD prices on Tuesday, April 27, 2021, at 8:00 a.m. EST.
Out of the top ten crypto leaders, in terms of market cap, XRP has seen the most gains during the course of the day. The crypto asset jumped over 18% during the last 24 hours and each token is exchanging hands for $1.446 per unit.
A Ripple Run-up, Dogecoin Slumps, Analyst Believes Ether Bulls Ready to Charge
Meanwhile, after the crypto asset dogecoin (DOGE) saw an incredible run-up, the token has been consolidating at around $0.27 per DOGE. The meme-flavored crypto is up over 2% today but the token lost 13% over the week.
Despite having weekly gains slide by 13%, monthly statistics show that DOGE is still up a whopping 413.26%. Similarly, XRP has gained 157.29% during the last 30 days of trading, and is the highest 30-day gainer besides dogecoin. As far as monthly gains from the top ten leaders, BNB is under XRP with a 107% gain during the last 30 days.
“As BTC loses its historic market dominance (the flagship coin is now sitting at 49% of the market according to Coingecko), the currency of the ‘world’s computer’ is starting to fly – showing hints of the decoupling long predicted by ethereum bulls,” Frost said.
The crypto executive also added that he thinks ETH prices hitting $3,500 could be on the horizon. “BTC has been unable to hold a level anywhere near its all-time high of more than $62,000 while ETH is showing signs of pushing through the $2,500 resistance that has been holding it back. Once it does, we could see it head to $3,500 very quickly,” Frost added.
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